As the immigration debate continues without much hope of resolution in the near future, high-skilled immigrant entrepreneurs from India and China are turning away from the US and heading home. Leaving the US by the tens of thousands each year, they are drawn back by better economic and professional opportunities, according to a new Kauffman Foundation study highlighted in a BusinessWeek article by researcher and author Vivek Wadhwa

Startup Weekend has helped educate more than 30,000 entrepreneurs at some 475 events worldwide, facilitating the launch of more than 650 new startup ventures around the globe. With events in more than 124 cities and thirty-plus countries, Startup Weekend is a featured event during Global Entrepreneurship Week, a Kauffman Foundation initiative that annually introduces millions of young people around the world to entrepreneurship.

Each day, Innovation Daily checks the pulse of global innovation--
courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week: CMU Debuts Entrepreneurship Fund for Alumni (Pittsburgh Business Times)...

A new study by the SBA Office of Advocacy shows that veterans are at least 45 percent more likely to be self-employed than civilians who have never served in the military. While self-employment doesn't necessarily equal entrepreneurship, it is certainly one available measuring stick.

Each quarter, the country’s top economics bloggers share their opinions on the U.S. economy – and the most recent results aren’t favorable. After a somewhat sunnier outlook earlier this year, the dark clouds are rolling in on the horizon. According to the second quarter Kauffman Economic Outlook, 85 percent of respondents view current economic conditions as “mixed” or “facing recession,” an increase of 8 percent from first quarter.

Each day, Innovation Daily checks the pulse of global innovation--
courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week: Primer on Funding Trends for Early-Stage Startups (Forbes)...

Legislation to reauthorize and modernize the Small Business Administration’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs gets marked up in a committee hearing on the House side while mobile phones come under review in the Senate.

President Obama threw down the gauntlet to Congress today, releasing his plan for the American Jobs Act, a $447 billion legislative proposal to jumpstart the economy that creates a number incentives for employers to start—and keep—hiring. The plan includes a payroll tax holiday for small business that hire new employees as well as for those who raise salaries. Other incentives include cutting payroll taxes on the first $5 million in payroll and extending “100% expensing” that allows firms to take an immediate deduction on investments in new plants and equipment.

A network of U.S. cities facilitating a weekly entrepreneur education program. Go to 1 Million Cups >

Whether you are starting or growing a company, FastTrac will help you live your dream at each stage.Go to FastTrac >

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